How much money do you need to buy a house? 6 costs to calculate
You’ll need more than just a down payment to afford a home purchase.
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
You’ll need more than just a down payment to afford a home purchase.
It can be a smart strategy, provided you understand what you’re risking.
Here’s what you need to know about interest checking accounts.
Calculate how much house you can afford with our home affordability calculator. Factor in income, monthly debt and more to better understand your ideal loan amount.
Here’s how to cut this monthly insurance cost it if you’re eligible.
Here are some of the best strategies for saving for a home in a low-interest rate environment.
Changes to Fannie Mae’s criteria may open a pathway to homeownership for some buyers.
Buy now, or wait? It’s a question many aspiring homeowners are struggling with.